Economics
February 24, 2015 16:31
The decline recorded last year in terms of new loans has continued over January 2015, shows the latest report provided by the National Bank of Romania (BNR) which indicates a 0.3 percent decrease in non-governmental loans compared to December 2014 and a 3.8 percent drop compared to the same month in 2014....more »
February 23, 2015 15:12
Hidroelectrica has achieved gross profits of 140 million lei in January 2015, twice as much as a year ago. The improvement is due to the increasing volume of energy production, corroborated by lower operating costs, explains the hydropower energy producer....more »
February 23, 2015 14:47
Chevron announced it is giving up the shale gas operations in Romania, after a similar decision was taken with respect to Poland, thus exiting the European shale gas market, reads the Wall Street Journal....more »
February 20, 2015 16:31
The Government has released recently the new draft Tax Code which comprises several ultra-liberal measures, such as a diminution of the VAT, a reduced flat tax, the elimination of the tax on special construction, or lower social security contributions for both employers and employees, which would generate a gross budgetary deficit of over 16 billion lei....more »
February 20, 2015 14:55
Hidroelectrica, represented by its judicial administrator Euro Insol, won the lawsuit against Elsid Titu, as the Bucharest Court rejected the appeal filed by the latter against the enforcement of a force majeure clause in relation to the electricity supply contract with Hidroelectrica....more »
February 20, 2015 11:35
Romania's main gas producer, Romgaz, has announced a preliminary net profit of 1.4 billion lei, up by 44 percent year-on-year, whilst its estimated revenues increased to 4.5 billion lei from 3.9 billion lei in 2013....more »
February 19, 2015 16:52
Rompetrol Rfainare, Rompetrol Downstream, KazMunayGas Trading and KMG Rompetrol intend to access a syndicated revolving loan worth 390 million euro which will be partially used to refinance previous loans and to support the current operations and activities of the companies, according to an informing sent to the Bucharest Stock Exchange....more »
February 19, 2015 13:59
Recolamp Association collected and recycled 476 tons of lighting equipment waste last year, level similar to 2013, meeting again the European target of 40 percent calculated based on the average volume put on the market over the past two years by...more »
February 19, 2015 12:51
Falling crude oil prices and sales down 11 percent plunged OMV Petrom's 2014 profit by 56 percent to 2.1 billion lei, the worst financial result since 2010. The anticipated decline accelerated in the last quarter of 2014 when the company reported a financial loss of 307 million lei....more »
February 18, 2015 17:03
Italian utilities group Enel has put off the sale of the Romanian assets, its representatives told to www.economica.net. The decision is, however, temporary, according to the company's press office....more »
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